GameStop Stock Surges on Speculative Bets, Marking Best Day Since January

Traders are placing speculative bets on GameStop's stock by purchasing long-shot call options that would pay off if the stock price nearly doubles before or shortly after the company's upcoming earnings report. Investors have been particularly interested in options with strike prices at $20, $22, and $22.50, indicating a belief that the stock could climb at least 40%.